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$2.90M · 13 bed Multiplex · Alderwood, Toronto | MyPropertyScout

$2,899,000

496-498 Horner Avenue

7 DOM

1397d

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496-498 Horner Avenue

Toronto · Ontario M8W 2B8

MLS® W13471954 · Alderwood · M8W 2B8

139TenantOccupied3500-5000 ft²MultiplexNone7d$682/ft²Lot 44.8 x 125 ft$18,226 tax/yr

6% below market · regional est. · 7 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Exceptional turnkey 9-unit multi-residential investment opportunity in the highly desirable Alderwood community of South Etobicoke, offering a strong 4.8% cap rate (net) and seller VTB financing available, terms to be negotiated.This fully stabilized asset was completely gutted and extensively renovated between 2017-2018 to impressive condo-style standards. All nine suites feature modern kitchens with updated cabinetry, stylish bathrooms, new flooring, and include appliances: fridge, stove, dish…

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Property details

MLS#: W13471954
Status: Buy Now
Beds: 13
Baths: 9 full, 0 half
Size: 3500-5000
Style: 2-Storey
Type: Multiplex
Year built: —

Roof: Unknown
Foundation: Unknown

Garage: None
Garage spaces: 0
Parking: 11 total
Lot: 44.83 × 125
Heating: Baseboard
Heating fuel: Gas
Cooling: Central Air, Wall Unit(s)
Fireplaces: —
Pool: No
Waterfront: No
Exterior: Brick, Aluminum Siding
Fronting on: North
Cross street: Browns Line & Horner Ave
Basement: None
Stories: —
Utilities: —
Laundry: —
Interior: None
Parking features: —

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room dimensions are not available for this listing.

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: ROYAL LEPAGE SIGNATURE REALTY

Source: TRREB/PROPTX · MLS® W13471954

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$2.90M

496-498 Horner Avenue · Bryon Bertrim

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Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $2,899,000✓ $18,226 tax✓ Gas✓ 3500-5000 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$20,956/mo

incl. closing costs (yr 1)

Annual total

$251,471

year 1

Mortgage only

$10,998/mo

principal + interest

Beyond mortgage

$4,587/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$579,800

20%+ required — no CMHC insurance on $1.5M+ homes

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$1,519/mo

Utilities

Hydro / electricity$298/mo

≈ $0.07/ft² × ~4,250 ft² · ON avg ~$298/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$28,990/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$58,950

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)52% $131,975/yr

Property taxes31% $77,176/yr

Utilities3% $6,630/yr

Insurance & security1% $1,600/yr

Maintenance12% $28,990/yr

Closing costs2% $5,100/yr

Mortgage is 52% of your true cost of ownership. The other 48% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$131,975	$10,998/mo
Government & taxes
Property tax	$18,226	$1,519/mo
Land transfer tax(closing)	$58,950	$4,913/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$3,570	$298/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$28,990	$2,416/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$251,471	$20,956/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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496-498 Horner Avenue

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs